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605 W Baltimore St 4,889 SF 100% Leased Retail Building Wilmington, IL 60481 $495,000 ($101.25/SF)
Investment Highlights
- ROUTE 66 - PRIME LOCATION
- 10,650 daily traffic count per IDOT
- DRIVE THRU Opportunity
Executive Summary
ROUTE 66 - PRIME LOCATION & B-3 ZONING! Great, turnkey investment opportunity featuring a 2-unit commercial building along the historic Route 66! Building location features a phenomenal high-traffic count (10,650 daily traffic count per IDOT) and high visibility alongside Route 66/Route 53! The 2 parcels combined are approximately just over a .5 acre, which allows the opportunity for new development or an addition to the existing structure. Lot features ample parking; approximately 25 parking spaces at the business frontage and side lot. **Optional purchase** established business which is ready for immediate operation! All fixtures, furnishings, and equipment are negotiable for a reasonable offer. Seller has owned the property since 2002.
Multiple possibilities for a DRIVE THRU, this property boarder's what has been known as 3rd st or chestnut with access out through a plated street that needs development and City cooperation. There is an easement between the dance studio and the antique building that could be beneficial in a drive thru situation, I am working on the details and the documentation of said easement. Call for more information!
Multiple possibilities for a DRIVE THRU, this property boarder's what has been known as 3rd st or chestnut with access out through a plated street that needs development and City cooperation. There is an easement between the dance studio and the antique building that could be beneficial in a drive thru situation, I am working on the details and the documentation of said easement. Call for more information!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$28,000
|
$5.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,000
|
$5.85
|
| Taxes |
$7,000
|
$1.46
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,000
|
$1.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $28,000 |
| Annual Per SF | $5.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $28,000 |
| Annual Per SF | $5.85 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.46 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,889 SF
Building Class
C
Year Built
1960
Price
$495,000
Price Per SF
$101.25
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.54 AC
Zoning
B-3 - The B-3 General Commercial District is intended to accommodate retail and wholesale commercial activities
Parking
25 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
100’ on Route 66
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Impressions Hair & Tanning
- Services
- -
- -
- -
- Route Fifty Three Tobacco
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Impressions Hair & Tanning | Services | - | - | - | ||
| Route Fifty Three Tobacco | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $90,788 | |
| Land Assessment | $31,464 | Annual Taxes | $7,000 ($1.43/SF) |
| Improvements Assessment | $59,324 | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$31,464
Improvements Assessment
$59,324
Total Assessment
$90,788
Annual Taxes
$7,000 ($1.43/SF)
Tax Year
2024
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605 W Baltimore St
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